ThinkMarkets, a prominent multi-asset trading provider, has introduced new payment options for clients in the Middle East and North Africa (MENA) region. This expansion follows the firm’s recent regulatory approval from the Dubai Financial Services Authority (DFSA). With the new DFSA license, ThinkMarkets aims to enhance its presence and services in the MENA region, catering to traders’ needs with advanced and convenient payment solutions.
Expanded Payment Options
Traders in the MENA region can now fund their accounts using local cards, Google Pay, and Apple Pay. These payment methods support several regional currencies, including the Qatari, Emirati Dirham, Saudi Riyal, and Omani Rial. This initiative is designed to offer more flexibility and convenience to traders, enabling them to manage their funds efficiently and securely.
The newly acquired DFSA license allows ThinkMarkets to offer clients in the UAE access to advanced trading tools integrated into the ThinkTrader platform. These tools include the Signal Centre, TrendRisk Scanner, and Traders’ Gym, which are intended to improve the trading experience for regional investors.
Strategic Market Expansion
The DFSA license is a significant milestone for ThinkMarkets, as it enables the firm to onboard new clients from the MENA region in a regulated and secure manner. Faizan Anees, co-CEO and Co-Founder of ThinkMarkets emphasized the importance of this development, stating that the UAE and the wider MENA region represent a high-growth market. The new license helps better serve the existing customer base and extends ThinkMarkets’ presence into new, strategic markets in the region.
TradingView Integration
In addition to the expanded payment options, ThinkMarkets has integrated the TradingView charting platform into its ThinkTrader website. This integration allows traders to enhance their analytical capabilities by monitoring up to eight charts simultaneously. The enhanced market visibility provided by TradingView enables users to track multiple assets or market movements concurrently, with customizable views of market trends across various time intervals and access to historical data navigation.
ThinkMarkets is a leading multi-asset trading provider known for its advanced trading platforms and diverse financial instruments. One of its key advantages over the competition is integrating innovative tools such as the Signal Centre, TrendRisk Scanner, and TradingView charting platform, which offer enhanced analytical capabilities and a superior trading experience. Additionally, ThinkMarkets provides flexible and secure payment options catering to clients’ MENA needs, including local cards, Google Pay, and Apple Pay. The firm’s recent DFSA license further solidifies its commitment to regulatory compliance and expanding its market presence, offering clients a secure and reliable trading environment.
I believe introducing flexible payment options like local cards, Google Pay, and Apple Pay can significantly boost the number of new clients for ThinkMarkets. These convenient and secure payment methods make it easier for potential clients to fund their accounts, lowering the entry barrier for new traders. Additionally, catering to regional currencies demonstrates a commitment to understanding and meeting local needs, which can attract a broader client base and enhance overall user satisfaction.
Conclusion
The introduction of local card options, Google Pay, and Apple Pay, along with the integration of TradingView, marks a significant step for ThinkMarkets in improving its services for clients in the MENA region. These advancements reflect the firm’s commitment to providing innovative and user-friendly trading solutions, supporting its strategic expansion, and enhancing the trading experience for its clients.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
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